Nigeria: CBN Reaffirms Oversight, Assures Stability of Union Bank After Court Ruling

Nigeria: CBN Reaffirms Oversight, Assures Stability of Union Bank After Court Ruling

"As the apex regulatory authority, the CBN remains committed to acting in accordance with its mandate and established legal processes," the statement read.

Court nullifies CBN’s takeover of Union Bank, says regulator acted beyond powers

The court nullified the entire regulatory intervention, including capitalisation process carried out by the CBN-appointed interim board.

Union Bank stable, we’re reviewing court ruling – CBN - NewsTmes.com.ng

The Central Bank of Nigeria (CBN) has assured depositors that Union Bank of Nigeria remains stable, despite a recent court ruling nullifying its regulatory intervention in the bank. This follows a judgment delivered by Justice Chukwujekwu Aneke of the Federal High Court in Lagos, which held that the CBN exceeded its powers when it dissolved … The post Union Bank stable, we’re reviewing court ruling – CBN appeared first on NewsTmes.com.ng.

Despite Court Ruling, CBN Reaffirms Oversight, Assures Stability of  Union Bank

The Central Bank of Nigeria (CBN) has assured its oversight function and stability of the Union Bank of Nigeria Plc (UBN). This is even as it acknowledged the judgment delivered on Wednesday, March 25, 2026, by the Federal High Court in Lagos concerning its regulatory action on Union Bank of Nigeria Plc (UBN) in January […]

CBN Reaffirms Oversight, Assures Of Union Bank Stability After Court Ruling

CBN reaffirms oversight, assures of Union Bank stability after court ruling By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) has acknowledged judgment delivered on Wednesday by the Federal High Court in Lagos concerning its regulatory action on Union Bank of Nigeria Plc (UBN) in January 2024. This is contained in a statement by its Acting Director, Corporate Communications Department, Mrs News Agency of Nigeria

CBN Assures Union Bank Stability After Court Ruling - Media Talk Africa

The Central Bank of Nigeria (CBN) has formally acknowledged a recent Federal High Court judgment in Lagos that reviewed its […]Read more at Media Talk Africa